• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
crypto New York

Binance US Crypto Exchange Could Launch in Two Months, But No New York

Martin Young by Martin Young
4 years ago
in Cryptocurrency news
Reading Time: 2 mins read
Advertisement

The US division of leading crypto exchange Binance could go live before November according to its enigmatic CEO, Changpeng Zhao. The regulated fiat to crypto exchange would serve American customers that are increasingly getting excluded from other exchanges.

In an interview with Cheddar this week ‘CZ’ said a lot of things were in flux but he expected the launch to happen ‘within a month or two’. The world’s top crypto exchange will work in partnership with BAM Trading Services which will provide local services for the Malta based company. In the original announcement in June, CZ stated;

“Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.”

No Crypto For New Yorkers

new york

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

At the moment however, BAM does not have the requisite BitLicense to offer crypto trading services in New York. Zhao added that the exchange will initially not be available to New Yorkers but he intends to apply for the license from the New York State Department of Financial Services. BAM is regulated by the US Financial Crimes Enforcement Network (FinCEN), but this does not include New York which comes under tougher regulations by the NYDFS.

The ‘Big Apple’ state has been harsher on crypto firms than elsewhere in the US which has led to a number of operators simply shuttering their digital doors there. Regulators across the nation have also dragged their feet with regards to crypto regulation as a misunderstanding and lack of clarity hampers efforts to ignite the industry.

CZ appears unperturbed though as his global ambitions know no bounds, he added;

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“The U.S. historically has made very clear regulations, so we hope that will clear up. At the same time, some early adopters in this space will be better rewarded. There are uncertainties in the regulatory space, but we’re willing to try.”

The US is a big market for Binance with over 20% of its dot com traffic originating there according to The Block. In terms of daily US volume, the report added that Binance is already ahead of the competition with $1.2 billion compared to $660 million on Coinbase Pro, $355 million on Kraken, $75 million on Gemini and $47 million on Poloniex.

Zhao added that full regulatory compliance is paramount and that he has full confidence in their local partners. Binance.US will list 30 crypto assets initially, including the major ones and a few other lower cap altcoins such as HOT, MANA, RVN, NANO, LOOM, ZIL, REP and ZRX. Strangely the two largest crypto currencies on the planet, Bitcoin and Ethereum, were not included on the list.

Image from Shutterstock
Tags: BAM Trading ServicesBinanceBinance USbitlicenseexchangeNew York
Tweet123Share219ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Solana

Solana Posted Recent Gains But This Price Zone Remains Crucial

2 hours ago
Bitcoin

Bitcoin CME Gap at $28,000 Filled, But Correction Risk Looms

3 hours ago
Bitcoin

Bitcoin Shows 35.8% Weekly Gains: Why This Means The Top Is Near

4 hours ago
Binance's BNB emerges top gainer

Binance’s BNB Emerges Top Gainer Among Large Altcoins, Here’s Why

5 hours ago
Taiwan regulations

Taiwan Follows Hong Kong With Plans To Regulate Crypto

6 hours ago
Investment Sectors: Web3 Trends in 2023

Investment Sectors: Web3 Trends in 2023

6 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Aave News Points To Head Of Development In Search Of AI Solutions – Avorak AI Proves Itself In ICO Phase

March 20, 2023

New Meme Project Love Hate Inu Raises $1 Million & Enters Stage 2 of Presale

March 20, 2023

TMS Network (TMSN) Holders Enjoy Gains in Presale Attracting New Investors from PancakeSwap (CAKE) And Algorand (ALGO)

March 20, 2023

USD Coin (USDC) And Cardano (ADA) Suffer Losses While TMS Network (TMSN) Explodes in Presales

March 20, 2023

TMS Network (TMSN) Emerges as the New Favorite of Investors, Leaving Filecoin (FIL) and Arweave (AR) in the Dust

March 20, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.